NAV as on 31 Aug 202133.04370.00 (0.01%)
Fund Key Highlights
1. The Current Net Asset Value of the SBI Savings Fund as of 31 Aug 2021 is Rs 33.0437 for Growth option of its Regular plan.
2. Its trailing returns over different time periods are: 3.63% (1yr), 6.21% (3yr), 6.4% (5yr) and 7.25% (since launch). Whereas, Category returns for the same time duration are: 3.62% (1yr), 6.22% (3yr) and 6.5% (5yr).
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Things you should consider
Investors understand that their principal will be at Moderate risk.
Annualized return for the last 1 year
Suggested Investment Horizon
Average time taken to double the money since inception
Fund NAV Range
Current vs Stated Allocation
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1. SBI Savings Fund is Open-ended Money Market Debt scheme which belongs to SBI Mutual Fund House.
2. The fund was launched on Jul 14, 2004.
Investment objective & Benchmark
1. The investment objective of the fund is that The scheme seeks to provide the investors an opportunity to invest in money market instruments.
2. It is benchmarked against NIFTY Money Market Total Return Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the funds duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of SBI Savings Fund is 0.41 years and Duration is 0.39 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investors income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down ones capital gains which brings down the taxable income and thereby reduces taxes on it.
3. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
4. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
Frequently Asked Questions (FAQs)
Q: Is it safe to invest in SBI Savings Fund?
A: As per SEBI’s latest guidelines to calculate risk grades, investment in the SBI Savings Fund comes under Moderate risk category.
Q: What is the category of SBI Savings Fund?
A: SBI Savings Fund belongs to the Debt: Money Market category of funds.
Q: How Long should I Invest in SBI Savings Fund?
A: The suggested investment horizon of investing into SBI Savings Fund is <1 year. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
Q: Who manages the SBI Savings Fund?
A: The SBI Savings Fund is managed by R Arun (Since Apr 20, 2012).
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